The ATR Keltner Channel Indicator is a useful free Forex indicator for the MT4 platform. It is popular among Forex traders because of its ability to detect trends and market volatility. The indicator is composed of an Average True Range (ATR) and a Keltner Channel. The ATR measures the volatility of the market, while the Keltner Channel is used to identify trends. The ATR Keltner Channel Indicator is easy to use and provides a visual representation of the market conditions. The indicator plots the ATR and Keltner Channel on the same chart, allowing traders to quickly identify trends and market volatility. The ATR is displayed as a blue line, while the Keltner Channel is displayed as a red line. When the ATR is rising, it indicates that the market is becoming more volatile. When the Keltner Channel is rising, it indicates that the market is trending. Overall, the ATR Keltner Channel Indicator is a useful and popular free Forex indicator for the MT4 platform. It provides traders with an easy way to identify trends and market volatility.
MT4
ATR Keltner Cahnnel
The ATR Keltner Channel Indicator is a useful forex trading tool that is popular among MT4 traders. This indicator is designed to help traders identify potential entry points in the market. The ATR Keltner Channel Indicator is a great tool for traders looking to identify entry points in the market.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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